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It won't help your ranking in the search engines as they frown on that.
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Never heard of them frowning on that. It's just that they don't put as much emphasis on the keywords stuffed in the domain as they used to, which means it's a silly thing to do, using hyphens, these days. It makes your domain very human unfriendly. Just think of dictating such a domain on the phone or in real life. "I own keyword1 hyphen keyword2 hyphen keyword3 dot com".
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And it helps to get the higher PR of your web site.
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What do you mean? PR has to do with incoming links, not keywords.